Technical Analysis for BIB - ProShares Ultra Nasdaq Biotechnology
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
43.92 | 2.09% | 0.90 |
BIB closed up 2.21 percent on Friday, October 11, 2019, on 1.61 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Strong | Down | Down | Up |
| See historical BIB trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 2.09% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 2.09% | |
| Doji - Bearish? | Reversal | 2.09% | |
| Gapped Up | Strength | 2.09% | |
| Up 3 Days in a Row | Strength | 2.09% | |
| Stochastic Reached Oversold | Weakness | 4.35% | |
| Oversold Stochastic | Weakness | 4.35% | |
| Narrow Range Bar | Range Contraction | 7.15% | |
| NR7 | Range Contraction | 7.15% | |
| Inside Day | Range Contraction | 7.15% |
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The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Nasdaq Biotechnology Index®.
The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. The fund is non-diversified.
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| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more BIB news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 61.6 |
| 52 Week Low | 36.05 |
| Average Volume | 115,119 |
| 200-Day Moving Average | 49.7703 |
| 50-Day Moving Average | 45.4087 |
| 20-Day Moving Average | 43.8671 |
| 10-Day Moving Average | 41.808 |
| Average True Range | 1.5356 |
| ADX | 27.04 |
| +DI | 22.669 |
| -DI | 29.0969 |
| Chandelier Exit (Long, 3 ATRs ) | 43.5732 |
| Chandelier Exit (Short, 3 ATRs ) | 44.2068 |
| Upper Bollinger Band | 48.9099 |
| Lower Bollinger Band | 38.8243 |
| Percent B (%b) | 0.42 |
| BandWidth | 22.991262 |
| MACD Line | -1.1977 |
| MACD Signal Line | -1.1788 |
| MACD Histogram | -0.0188 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 44.52 | ||||
| Resistance 3 (R3) | 44.60 | 44.17 | 44.27 | ||
| Resistance 2 (R2) | 44.17 | 43.79 | 44.14 | 44.19 | |
| Resistance 1 (R1) | 43.60 | 43.56 | 43.89 | 43.52 | 44.10 |
| Pivot Point | 43.17 | 43.17 | 43.32 | 43.14 | 43.17 |
| Support 1 (S1) | 42.60 | 42.79 | 42.89 | 42.52 | 41.94 |
| Support 2 (S2) | 42.17 | 42.56 | 42.14 | 41.85 | |
| Support 3 (S3) | 41.60 | 42.17 | 41.77 | ||
| Support 4 (S4) | 41.52 |
